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The details of revised rates of interest on FCNR (B) & RFC term deposits in the permitted currencies w.e.f. 27.07.2023 are given below:
FCNR (B) Deposits:
Maturity Period
USD < 500,000
USD >= 500,000
GBP
Existing
Revised
1 YR<2YRS
4.50
5.00
5.25
3.96
2YRS<3YRS
4.30
3.50
3YRS<4YRS
4.05
3.25
4YRS<5YRS
3.80
3.00
5YRS ONLY
EUR
JPY*
CAD
AUD
1YR<2YRS
2.05
2.15
NA
0.01
3.61
4.00
3.20
1.55
3.31
3.30
3.26
3.40
RFC Deposits: